Question

what is the role of profit in business?​

Answer 1

Explanation:

profit is the surplus revenue after a firm has paid all his costs ...in a capitalist economy. profit plays an important role and Part in creating incentives for business and entrepreneurs .for an incumbent firm ,the reward of higher profit will encourage them to try and cut costs and develop new costs.....

Answer 2

ϘႮᎬՏͲᏆϴΝ :

What is the role of profit in business?

ᎪΝՏᏔᎬᎡ :

Profit is the surplus revenue after a firm has paid all its costs. ... In a capitalist economy, profit plays an important role in creating incentives for business and entrepreneurs. For an incumbent firm, the reward of higher profit will encourage them to try and cut costs and develop new products.

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